Diamond Hill Capital Management INC Decreased Its Stake in Discover Financial Services (DFS)

Discover Financial Services (NYSE:DFS) Corporate LogoDuring 2018 Q3 the big money sentiment decreased to 0.8. That’s change of 0.20, from 2018Q2’s 1. 43 investors sold all, 274 reduced holdings as DFS ratio dived. 173 grew positions while 81 funds bought positions. Funds hold 280.30 million shares thus 2.26% less from 2018Q2’s 286.78 million shares. Meritage Portfolio Mgmt owns 76,021 shs or 0.53% of their US capital. Waters Parkerson & Co Limited Company holds 256,500 shs or 1.6% of its capital. Capital Fund Mgmt Sa has invested 0.03% of its capital in Discover Financial Services (NYSE:DFS). First Allied Advisory Incorporated holds 0.04% of its capital in Discover Financial Services (NYSE:DFS) for 7,030 shs. Webster National Bank N A reported 0.01% in Discover Financial Services (NYSE:DFS). Invesco Limited holds 1.67M shs. Estabrook Cap Management holds 50 shs. Millennium Mgmt Llc has invested 0.05% in Discover Financial Services (NYSE:DFS). Raymond James And Assocs reported 0.06% in Discover Financial Services (NYSE:DFS). Archford Strategies Ltd Limited Liability Company accumulated 0.01% or 234 shs. Epoch Partners Incorporated has invested 0.4% in Discover Financial Services (NYSE:DFS). Signaturefd Ltd Llc reported 0.02% in Discover Financial Services (NYSE:DFS). Jane Street Group Inc Lc holds 0% of its capital in Discover Financial Services (NYSE:DFS) for 15,403 shs. Pictet Asset Management reported 0.04% stake. Csat Investment Advisory Limited Partnership holds 0% of its capital in Discover Financial Services (NYSE:DFS) for 100 shs.

In 2018Q3 SEC filling is reported Diamond Hill Capital Management Inc’s holdings in Discover Financial Services (DFS) which was reduced by 7.09%. By selling 539,839 shares Diamond Hill Capital Management Inc made the stock sank with 17.14%. The consumer services company at the end of 2018Q3 was priced at $540.42 million. It’s down from 7.61M at the end of the previous reported quarter. Now it had 7.07M shares held by the hedge fund . $23.23B is the market cap of Discover Financial Services. Ticker’s shares touched $70.18 during the last trading session after 0.66% change.Currently Discover Financial Services is downtrending after 11.86% change in last February 14, 2018. DFS has 1.66M shares volume. The stock underperformed the S&P500 by 11.86%.

Diamond Hill Capital Management Inc rose its stake in Facebook Inc. (NASDAQ:FB) by 241,434 shares to 1.89 million shares, valued at $310.78 million in 2018Q3, according to the filing. It operates about $12.19 billion and $20.07B US Long portfolio. Diamond Hill Capital Management Inc has risen its stake in Red Rock Resorts Inc. (Cl A) and also increased its holding in Marsh & Mclennan Cos. Inc. (NYSE:MMC) by 221,602 shares in the quarter, for a total of 2.49M shares.

For more Discover Financial Services (NYSE:DFS) news posted briefly go to: Seekingalpha.com, Businesswire.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Discover Issues A Warning On Loans, But The Consumer Is Still Hanging On – Seeking Alpha” posted on October 29, 2018, “Discover to Increase Acceptance in the Nordics Through Agreement with Nets – Business Wire” on January 16, 2019, “Why I No Longer Hold Discover Financial Services – Seeking Alpha” with a publish date: July 09, 2018, “Discover Financial Services Q4 2018 Earnings Preview – Seeking Alpha” and the last “Capital One: Long-Term Gains Ahead – Seeking Alpha” with publication date: February 14, 2019.

Discover Financial Services (NYSE:DFS) Ratings Coverage

In total 4 analysts cover Discover Financial (NYSE:DFS). “Buy” rating has 2, “Sell” are 0, while 2 are “Hold”. (NYSE:DFS) has 50% bullish analysts. 5 are the (NYSE:DFS)’s ratings reports on Feb 14, 2019 according to StockzIntelligence Inc. On Friday, September 21 the firm has “Buy” rating by Bank of America given. On Thursday, November 1 Citigroup maintained the shares of DFS in report with “Neutral” rating. On Monday, October 1 the stock of Discover Financial Services (NYSE:DFS) earned “Market Perform” rating by Wells Fargo. On Tuesday, October 2 the firm has “Overweight” rating by JP Morgan given. On Friday, October 26 the rating was maintained by Wells Fargo with “Market Perform”.

Discover Financial Services (NYSE:DFS) Institutional Investors Chart

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